BlackRock Global Long/Short Equity Fund Class I (BDMIX)
Fund Info
| ISIN | US0919365264 |
|---|---|
| CUSIP | 091936526 |
| Issuer | Blackrock |
| Inception Date | Dec 20, 2012 |
| Category | Long-Short |
| Home Page | www.blackrock.com |
| Asset Class | Equity |
Expense Ratio
BDMIX has a high expense ratio of 1.57%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: BDMIX vs. VMNFX, BDMIX vs. QAMNX, BDMIX vs. VOO, BDMIX vs. SPY, BDMIX vs. FFSIX, BDMIX vs. CMNIX, BDMIX vs. VYM, BDMIX vs. TWCUX, BDMIX vs. AGG, BDMIX vs. SHY
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in BlackRock Global Long/Short Equity Fund Class I, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
BlackRock Global Long/Short Equity Fund Class I had a return of 20.74% year-to-date (YTD) and 24.20% in the last 12 months. Over the past 10 years, BlackRock Global Long/Short Equity Fund Class I had an annualized return of 3.33%, while the S&P 500 had an annualized return of 11.39%, indicating that BlackRock Global Long/Short Equity Fund Class I did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 20.74% | 25.48% |
| 1 month | 1.28% | 2.14% |
| 6 months | 7.84% | 12.76% |
| 1 year | 24.20% | 33.14% |
| 5 years (annualized) | 5.87% | 13.96% |
| 10 years (annualized) | 3.33% | 11.39% |
Monthly Returns
The table below presents the monthly returns of BDMIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 4.28% | 1.06% | 3.91% | 1.37% | 1.43% | 3.31% | 2.20% | -1.79% | 1.09% | 0.86% | 20.74% | ||
| 2023 | 2.28% | -0.91% | 0.83% | 0.58% | -1.72% | 3.09% | 1.20% | -0.32% | 2.11% | 2.30% | 3.57% | 0.79% | 14.55% |
| 2022 | 0.34% | -1.71% | 0.09% | -0.09% | -1.05% | 0.18% | -0.18% | -0.79% | 1.86% | -0.44% | 1.84% | 1.80% | 1.80% |
| 2021 | 1.75% | 2.59% | 1.18% | -0.58% | 1.25% | -1.40% | -1.42% | -1.36% | -1.29% | 0.78% | 0.17% | 0.52% | 2.10% |
| 2020 | 1.58% | -0.69% | -2.52% | 1.87% | 2.28% | 1.80% | -1.68% | 1.28% | -3.21% | -1.13% | 0.35% | 0.26% | 0.00% |
| 2019 | 1.87% | -0.80% | -0.56% | 0.89% | 3.14% | -1.32% | 0.08% | -3.00% | 0.41% | -1.05% | 1.15% | -7.42% | -6.82% |
| 2018 | 0.00% | -2.14% | 1.52% | -0.91% | 3.27% | -0.81% | -0.41% | 0.58% | -0.08% | 0.41% | -1.71% | 1.66% | 1.24% |
| 2017 | 1.12% | 1.38% | 1.54% | 1.61% | 0.62% | -0.26% | 1.93% | 1.81% | 0.17% | 1.27% | 1.58% | -0.57% | 12.85% |
| 2016 | -1.30% | -3.95% | 0.73% | -1.09% | -0.83% | -3.06% | 0.76% | -0.76% | 1.15% | 1.42% | 0.19% | -0.19% | -6.85% |
| 2015 | 0.08% | 0.42% | 0.42% | 0.75% | -0.42% | -2.25% | 1.53% | -1.76% | 0.94% | 0.34% | -0.25% | -2.54% | -2.78% |
| 2014 | 1.45% | -1.68% | -1.96% | -1.05% | 1.32% | -0.17% | 1.04% | 1.12% | 3.41% | -2.39% | 0.76% | -0.67% | 1.02% |
| 2013 | 2.50% | 0.20% | 2.33% | 2.47% | 2.50% | 0.27% | 1.90% | -1.06% | 1.34% | 2.91% | 1.20% | 0.83% | 18.76% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of BDMIX is 92, placing it in the top 8% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BlackRock Global Long/Short Equity Fund Class I (BDMIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
BlackRock Global Long/Short Equity Fund Class I provided a 12.63% dividend yield over the last twelve months, with an annual payout of $1.80 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.80 | $0.94 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 |
Dividend yield | 12.63% | 7.42% | 0.00% | 0.00% | 0.00% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.27% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock Global Long/Short Equity Fund Class I. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.99 | $0.00 | $0.00 | $0.00 | $0.00 | $0.99 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.00 | $0.00 | $0.81 | $0.94 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.04 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2013 | $0.15 | $0.15 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the BlackRock Global Long/Short Equity Fund Class I. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BlackRock Global Long/Short Equity Fund Class I was 14.89%, occurring on Mar 18, 2020. Recovery took 897 trading sessions.
The current BlackRock Global Long/Short Equity Fund Class I drawdown is 0.91%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.89% | May 29, 2019 | 204 | Mar 18, 2020 | 897 | Oct 10, 2023 | 1101 |
| -14.09% | Oct 1, 2014 | 491 | Sep 12, 2016 | 289 | Nov 2, 2017 | 780 |
| -4.87% | Jan 16, 2018 | 37 | Mar 8, 2018 | 57 | May 30, 2018 | 94 |
| -4.79% | Feb 3, 2014 | 62 | May 1, 2014 | 99 | Sep 22, 2014 | 161 |
| -4.07% | Aug 1, 2024 | 4 | Aug 6, 2024 | 46 | Oct 10, 2024 | 50 |
Volatility
Volatility Chart
The current BlackRock Global Long/Short Equity Fund Class I volatility is 3.35%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.